"Asian Stocks" Asia-Pacific stock markets rise, technology stocks in Taiwan, Japan, and South Korea increase, Delta Electronics surges nearly 10%

Iran allows non-hostile vessels to pass through the Strait of Hormuz as per regulations, and the market anticipates a ceasefire agreement between the United States and Iran. Brent crude oil electronic futures fell by more than 6%, while stock markets in the Asia-Pacific region rose.

The People's Bank of China conducted a seven-day reverse repurchase operation in the open market, with a net injection of 58 billion yuan in a single day, and carried out a 500 billion yuan one-year medium-term lending facility operation. On the same day, 400 billion yuan of medium-term lending facilities matured. The Shanghai Composite Index rose by 34 points or 0.9% to 3,915 points; the Shenzhen Component Index rose by 184 points or 1.4% to 13,721 points. The Hong Kong Hang Seng Index rose by 9 points to 25,073 points, with a turnover of 151.3 billion yuan. The Taiwan Weighted Index rose by 936 points or 2.9% to 33,549 points. TSMC and Hon Hai rose by 2.7% and 2.3%, MediaTek rose by 0.9%, and Delta Electronics rose by 9.5%, nearing the daily limit.

The minutes from the Bank of Japan's January meeting indicated that committee members believe further interest rate hikes are necessary. The Japanese Nikkei Average rose by 1,562 points or 3% to 53,814 points. Semiconductor and AI concepts led the gains, with SoftBank rising by 9.2%, Tokyo Electron and Advantest rising by 4.7% and 4.5%, and Disko rising by 4%, while Raytech Optoelectronics rose by 5.8%. South Korea's KOSPI rose by 114 points or 2.1% to 5,668 points. Circuit board stocks surged, with Korea Circuit and Daeduck Electronics rising by 24% and 15%. Samsung Electronics rose by 1.2%, while SK Hynix and Hyundai Motor rose by 2.1% and 2%.

India's Nifty 50 Index rose by 357 points or 1.6% to 23,269 points. Shriram Finance rose by 5%, Tata Group's retail branch Trent rose by 4.1%, and Adani Group's Adani Enterprises and Adani Ports and Special Economic Zone rose by 3.3% and 3.2%. Australia's S&P/ASX 200 Index rose by 158 points or 1.9% to 8,537 points. Gold mining stock Newmont surged by 8.9%, while mining stocks BHP and Rio Tinto rose by 1.9% and 3.5%, and Westpac rose by 2%. New Zealand's NZX 50 Index rose by 227 points or 1.8% to 12,929 points.

Singapore's Straits Times Index rose by 20 points or 0.4% to 4,882 points. Chip testing company ASE Technology rose by 3.2%, marine engineering company Frencken rose by 6.7%, and Singapore Telecommunications and Sembcorp Industries each rose by 1%. Malaysia's stock market rose by 0.3%, while Indonesia and the Philippines' stock markets rose by 1.1% and 1.4%, and Thailand's stock market rose by 2.2%. Vietnam's Hanoi and Ho Chi Minh stock markets rose by 1.2% and 1.9%